Solar Stocks Likely To Face Heat As Senate Bill Seeks To Slash Tax Credits, Impose Taxes On Renewable Projects
The bill will rapidly wind down the Inflation Reduction Act tax incentives for most renewable projects by 2027.
Stocktwits·2mo ago
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Sunnova Energy To Layoff Over Half Its Workforce; Retail Remains Bullish
The company has been grappling with long-term debt and the Trump administration's rollback of critical incentives.
Stocktwits·3mo ago
FuelCell Energy (FCEL) Reports Q2 Loss, Tops Revenue Estimates
Zacks·3mo ago
Sunnova Stock Sees Surge In Retail Chatter After Unit Files For Bankruptcy Protection
The subsidiary, Sunnova TEP Developer LLC, disclosed estimated liabilities of $100 million to $500 million.
Stocktwits·3mo ago
Sunnova Stock In Focus After US Scraps $3B Loan Guarantee, Retail’s Bearish
The company has reportedly utilized approximately $371 million of the guarantee, which was awarded during the presidency of Joe Biden.
Stocktwits·3mo ago
Solar Stocks Lose Shine On Concerns Over Tax Credits, Retail Gauges Impact On Red States
First Solar (FSLR) fell 7.3% — the top decliner in the S&P 500 index — while Enphase Energy (ENPH) and Sunrun (RUN) slipped by 3.2% and 7.8%, respectively.
Stocktwits·4mo ago
Canadian Solar (CSIQ) Reports Q1 Loss, Tops Revenue Estimates
Zacks·4mo ago
Sunnova Energy Stock In Focus On Adoption Of Tax Asset Preservation Plan: Retail Remains Bearish
At the end of December, Sunnova had $1.4 billion in U.S. federal net operating loss carryforwards which can be used to set off against future taxable income.
Stocktwits·5mo ago
Sunnova Energy Stock Gains As CEO William Berger Resigns Days After Going-Concern Warning: Retail Remains Extremely Bullish
Paul Mathews will take up the reins, rising from his previous role as the company’s chief operating officer. Berger, who founded Sunnova more than 12 years ago, will stay on as an advisor to help with the transition.
Stocktwits·6mo ago
Trump Could Kill This Solar Energy Stock, But Analysts Think It Has 1,380% Upside Potential in 2025
Down over 90% from all-time highs, Sunnova Energy is a solar stock that trades at a substantial discount to consensus price targets.